🛢️I took this scenario into consideration looking at the length of the current trend. But I thought that a correction at the double bottom could occur.
🛢️This time I will give you my downward scenario for usoil.
🛢️The support zone to which the price could go is a cluster of two levels. 1.272 of the last upward correction and the 0.886 level of the entire upward wave visible on the chart.
🛢️I determined the resistance zone based on the 0.618 level of the last upward correction and this was the zone where the price found resistance and support in the past.
🛢️The scenario I am playing out is a continuation of declines to the support zone with consideration of smaller corrections along the way
🛢️*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.